# S Hwy 87, Milton, FL 32583 > **TL;DR:** land, $599,000. > Waterfront, View. Est. $3,204/mo. Listed 376 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $599,000 | | Lot Size | 1,670,003 sqft (38.34 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 376 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed - **Views** - River ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,029 | | Estimated Insurance | $175 | | **Total** | **$3,204** | ## Nearby Schools - **Elementary:** East Milton - **Middle:** KING - **High:** Milton ## Key Amenities - Waterfront - View ## Property Highlights - 38.34 acre lot - Waterfront ## Description ### Agent Description Owner will consider splitting parcels for less acreage. Prime development opportunity with 38+/- acres of wooded land located along Highway 87 South in Milton, near the Yellow River Bridge. This unique property offers approximately 34 acres on the west side of Hwy 87 and an additional 4.85 acres on the east side, providing excellent visibility and access along this growing corridor. The property features a natural wooded setting with a lake for fishing in the 22 acres section, offering potential for creative site planning while maintaining privacy and natural surroundings. Currently zoned AGRR with potential for commercial rezoning, making it an attractive option for investors, developers, or businesses looking to establish a presence along this high-traffic highway. Conveniently located south of the interstate and near the entrance to the Eglin Reservation, this property sits in an area experiencing continued growth and development. With significant road frontage and flexible possibilities for future use, this parcel offers excellent potential for commercial, mixed-use, or long-term investment. Current survey and wetlands report available upon request. This property being sold with neighboring property which is 9.98 acres to make it a total of 48.3. Reach out today on this gem. Beautiful property. ## Location - **Address:** S Hwy 87, Milton, FL 32583 - **County:** Santa Rosa - **Coordinates:** 30.58596518, -86.93326388 - **Google Maps:** https://www.google.com/maps?q=30.58596518,-86.93326388 ## Listing Agent - **Name:** Teresa Mclellan - **Brokerage:** SunQuest Properties of NW FL Inc. - **Phone:** 8509320202 - **Broker Phone:** (850) 324-1326 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/Highway-87_Milton_FL_32583_M95098-54109?f=listhub&s=PARFL&m=670498&c=propsimple) ## Photos ![S Hwy 87 - Photo 1](http://lh.rdcpix.com/8ec763f20146aae28929d68ac0b8d7a7l-f576977025r.jpg) ![S Hwy 87 - Photo 2](http://lh.rdcpix.com/8ec763f20146aae28929d68ac0b8d7a7l-f59082257r.jpg) ![S Hwy 87 - Photo 3](http://lh.rdcpix.com/8ec763f20146aae28929d68ac0b8d7a7l-f782182876r.jpg) ![S Hwy 87 - Photo 4](http://lh.rdcpix.com/8ec763f20146aae28929d68ac0b8d7a7l-f1703292080r.jpg) ![S Hwy 87 - Photo 5](http://lh.rdcpix.com/8ec763f20146aae28929d68ac0b8d7a7l-f855587723r.jpg) ![S Hwy 87 - Photo 6](http://lh.rdcpix.com/8ec763f20146aae28929d68ac0b8d7a7l-f1449335176r.jpg) ![S Hwy 87 - Photo 7](http://lh.rdcpix.com/8ec763f20146aae28929d68ac0b8d7a7l-f2094678963r.jpg) ![S Hwy 87 - Photo 8](http://lh.rdcpix.com/8ec763f20146aae28929d68ac0b8d7a7l-f1204595932r.jpg) --- **MLS#:** 670498 | **Updated:** 2026-09-16 **Source:** listhub *Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/s-hwy-87-milton-fl-32583-l670498) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/s-hwy-87-milton-fl-32583-l670498#listing", "url": "https://www.propertysimple.ai/listing/s-hwy-87-milton-fl-32583-l670498", "name": "S Hwy 87, Milton, FL 32583", "description": "Owner will consider splitting parcels for less acreage. Prime development opportunity with 38+/- acres of wooded land located along Highway 87 South in Milton, near the Yellow River Bridge. This unique property offers approximately 34 acres on the west side of Hwy 87 and an additional 4.85 acres on the east side, providing excellent visibility and access along this growing corridor. The property features a natural wooded setting with a lake for fishing in the 22 acres section, offering potential for creative site planning while maintaining privacy and natural surroundings. Currently zoned AGRR with potential for commercial rezoning, making it an attractive option for investors, developers, or businesses looking to establish a presence along this high-traffic highway. Conveniently located south of the interstate and near the entrance to the Eglin Reservation, this property sits in an area experiencing continued growth and development. With significant road frontage and flexible possibilities for future use, this parcel offers excellent potential for commercial, mixed-use, or long-term investment. Current survey and wetlands report available upon request. This property being sold with neighboring property which is 9.98 acres to make it a total of 48.3. Reach out today on this gem. 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